Matlab code for Jovanovic's matching model
AbstractA revised version of Jovanovic's model. Given current human capital level, the worker decides how to devide time between investment in human capital and search for other jobs. The probabilty of getting another offer depends on search effort. The worker can always stay in his current job if he wants to. The distribution of new job offers is uniform in the program.
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Bibliographic InfoSoftware component provided by Quantitative Macroeconomics & Real Business Cycles in its series QM&RBC Codes with number 24.
Programming language: Matlab
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Other versions of this item:
- Recursive Macroeconomic Theory
- Quantitative Macroeconomics and Real Business Cycles (QM&RBC)
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